Show confidence! Sany Heavy Industry's share repurchase plan is advancing rapidly

Recently, Sany Heavy Industry (600031) announced that as of the end of July 2025, the company has spent a total of 1.355 billion yuan to repurchase 72.6792 million shares, accounting for 0.86% of the company's total share capital.

The repurchase stemmed from the "Proposal on the Company's Repurchase of Shares by Centralized Bidding Transactions" passed by Sany Heavy Industry on April 3 this year. According to the requirements of the proposal, Sany Heavy Industry will use its own funds or self-raised funds to repurchase shares in the form of centralized bidding transactions, the total amount of funds repurchased is not less than 1 billion yuan and no more than 2 billion yuan, and the price limit of the repurchased shares is 29.1 yuan per share, and the repurchased shares will be used for the employee stock ownership plan.

Sany Heavy Industry's recent repurchase

The Paper said that behind Sany Heavy Industry's large-scale share repurchase is the overall recovery of the construction machinery industry. In the first half of 2025, major domestic excavator manufacturers sold a total of 120,520 excavators, a year-on-year increase of 16.8%; Among them, domestic sales increased by 22.9% year-on-year, and exports increased by 10.2% year-on-year. The industry generally believes that the construction machinery industry is currently standing at the starting point of a new round of upward cycle, and the domestic and foreign markets are picking up simultaneously.

Previously, Soochow Securities Research Report believed that under the influence of multiple factors such as replacement cycle, policy support, and demand recovery, the domestic construction machinery market recovered beyond expectations. Sany Heavy Work is the OEM with the highest proportion of excavator revenue in China, and will fully benefit from the unexpected recovery of the excavator industry. In the medium and long term, the company is leading in globalization, electrification and intelligence, and is about to go public in Hong Kong, and the company is expected to move towards the global leadership with the cost-effective advantages of the domestic construction machinery industry chain.

On August 22, Sany Heavy Industry announced its 2025 semi-annual report. During the reporting period, the operating income was 44.534 billion yuan, up 14.96% year-on-year; net profit attributable to shareholders of listed companies was 5.216 billion yuan, a year-on-year increase of 46.00%. Due to the rapid growth of overseas sales and the promotion of cost reduction and efficiency measures, the company's profitability continued to improve, and the net profit margin rebounded to 11.65%, an increase of 2.50 percentage points year-on-year.